Tag: wti

WTI is a special type of a crude oil. Crude oil, also known as oil or petroleum, is one of the most common and used commodities of all. Its supply and demand dynamics are thus very important for the markets.
Oil stays up as China celebrates a week of the Lunar New Year

Oil stays up as China celebrates a week of the Lunar New Year

It is China's vacation week, therefore the rest of the world is trading oil mostly blindfolded. But no news equals good news.
Will oil stay above $80?

Will oil stay above $80?

Despite the negative sentiment in the markets, oil rose notably as reopened China boosts demand expectations.
Oil after inflation data – hurrah for the bulls!

Oil after inflation data – hurrah for the bulls!

Oil is enjoying another green day after the US Consumer Price Index release. News are suggesting Fed could slow down the hikes even more.
Oil erases gains on Thursday as sentiment stays bearish

Oil erases gains on Thursday as sentiment stays bearish

Thursday's rally could prove short lived as bears tend to sell all the rallies in oil. 2023 does not look promising for the bulls so far.
Oil stuck near strong resistance – fight for $80 continues

Oil stuck near strong resistance – fight for $80 continues

Bears remain in control of oil for now as sentiment remains pessimistic.
Oil falls and stays below key support – where can it go next?

Oil falls and stays below key support – where can it go next?

A weaker dollar helped to offset some of the worries about demand caused by the rising number of Covid cases in China.
Oil attacks a significant level as sentiment improves

Oil attacks a significant level as sentiment improves

Should oil close above $80 again, it could lead to another rally in crude prices. China sparks positive sentiment for buying.
Does the crude oil bloodbath have an end?

Does the crude oil bloodbath have an end?

The inventories data from the US shows weaker demand for gasoline and crude oil. Black gold sinks under the $73 price tag.
Brent falls to one-year lows as economic situation worsens

Brent falls to one-year lows as economic situation worsens

The bearish trend in oil could continue in the new year amid global economic slowdown.
Oil on a roll – will it close in green again?

Oil on a roll – will it close in green again?

US oil is shooting up for the third day in a row as US API Weekly Crude Oil Stock decreases by almost 8 million barrels.